1Outline of Lectures: E 101 (* Lectures are mainly based on our textbook, Krugman’s International Economics: Theory and Policy. Thorough reading of the text in addition to active participation in classes is strongly recommended. This note is just a short list of topics we discuss in class for your reference.) I. Classic Trade Theory 1. The Main Features of Recent Trends of World Trade 1) “Trading between Big, Advanced, and closely located countries accounts for more than 80% of total trade.” (If just recent data after 2000 are considered, that figure will go over 90%.)
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